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ABC News
ABC News
Business
business reporter David Chau, wires

ASX snaps four-week losing streak, Crown shareholders back $8.9b takeover

Despite today's rebound, the ASX 200 is down 4pc since the month began. (ABC News: John Gunn)

Australian shares rebounded on Friday, driven by gains in export-centric mining stocks after the nation's largest trading partner China cut interest rates to stimulate its slowing economy.

The ASX 200 closed 1.2 per cent higher at 7,146 points, a significant improvement over yesterday's heavy losses.

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